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Terra Classic Proposal Allocating 937.5M LUNC To Terra Rebels Passes Governance Vote.
Validators on the Terra Classic network have voted to approve 937.5M LUNC for Terra Rebels to make Rebel Station independent of TFL infrastructure.
A proposal to allocate 937.5 million Terra Luna Classic (LUNC) to the Terra Rebels to make Rebel Station independent of Terraform Labs infrastructure has passed the governance vote, according to a tweet from community influencer Classy (@ClassyCrypto_).
$LUNC Proposal 11030 to fund @TerraRebels has now PASSED giving 937 MILLION #LUNC toward L1 development to separate ourselves from TFL.
— Classy 👾 (@ClassyCrypto_) December 15, 2022
The Terra Rebels confirmed the development in a tweet hours later. Thanking validators for their support, the independent developers’ group pledged to make contributions that would ensure the chain’s sustainability.
“Thank you to the validators and community for contracting us to secure the chains wallet interface and backend infrastructure,” the group wrote. “We look forward to providing the chain with deliverables, building out and maintaining software clients that will see lunc far into the future.”
Thank you to the validators and community for contracting us to secure the chains wallet interface and backend infrastructure.
We look forward to providing the chain with deliverables, building out and maintaining software clients that will see #lunc far into the future. pic.twitter.com/AKhaJIPS4g
— Terra Rebels (@TerraRebels) December 16, 2022
Recall that the Rebels launched the proposal after TFL support of The Terra Station for the classic network came into question earlier this month, highlighting the risks of TFL dependence. In a bid to provide a community-owned wallet alternative, the Terra Rebels launched the proposal requesting almost $150k from the community pool. As previously reported, the proposal says it will take developers two months to separate Rebel Station from TFL infrastructure.
Despite passing the governance vote, it is worth noting that several influential voices within the community remain opposed to the proposal.
TerraCVita, a competing development group, described it as a waste of community pool funds. Contrary to the Terra Rebels’ assertion that the work will take two months, the TerraCVita says the work can be accomplished by a single developer in just a few days.
@TerracVita we voted no to 11030 because:
1) The work is just a few days for 1 dev.
2) TCV has the infrastructure already except for FCD due today.
3) TCV will maintain TerraStation for free and is finishing testing.
🚨This wastes $150k of CP funds🚨https://t.co/S7VYkYzAaF pic.twitter.com/spL7BoK3iC— TerraCVita (@TerracVita) December 14, 2022
LUNCPenguins member StrathCole (@ColeStrathclyde), in a lengthy Twitter thread picking apart the proposal, expressed the opinion that it failed to give a detailed breakdown of how exactly the Terra Rebels will spend the funds. According to StrathCole, the community is better spending the money carrying out the upgrades that will make the Terra Classic chain compatible with the Interchain Station, as uncertainties over continued Terra Station support have been cleared.
I am voting "no" to proposal #11030. Here are my reasons.
1/
The proposal is a spend proposal for 937,500,000 $LUNC (worth ~$150k) to fund mainly the following things (see https://t.co/rOcVBQrTiK):1.) Provision of backend infrastructure and assets on TR controlled … pic.twitter.com/WUMQPEmWKz
— StrathCole (@ColeStrathclyde) December 14, 2022
Popular Community validator LUNC DAO disclosed that they could not understand the rationale of validators who voted for the proposal they believed to be vague.
I found it insane that people would immediately vote yes without knowing any specific costs, milestones, who, etc
— 🔥⚛️ 🅻🆄🅽🅲 🅳🅰🅾 ⚛️🔥 (@LUNCDAO) December 14, 2022
It bears mentioning that TFL independence has always been in the Terra Rebels roadmap. In September, core developer Edward Kim noted that several developers hoping to help rebuild the chain were hesitant due to ties to Do Kwon and TFL.